Old National buys Charter One branches

  • Comments
  • Print

Evansville-based Old National Bancorp has signed an agreement to buy the 65 Indiana branch offices of Charter One, according to a filing with the Securities and Exchange Commission.

Charter One is owned by Citizens Financial Group of Providence, R.I.; Citizens is owned by Royal Bank of Scotland Group Plc.

The deal includes $397 million of deposits and $15.9 million in loans.

Charter One has five locations in the Indianapolis area.

The purchase price will be determined when the deal closes.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.